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Will Chalmers’ change on trusts save SMEs from a tax hit?
Whether the exemption regime proves truly effective will depend on whether small businesses can avoid the shell game of paying one tax to avoid double taxation.
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afr.com
‘No need to restructure’: Chalmers offers concessions on new trust tax
Trustees can avoid paying the new minimum 30 per cent tax on discretionary trusts as well as stamp duty, following pressure from business.
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smh.com.au
Small business trusts get stamp duty escape hatch in Chalmers’ latest tax tweak
This is the third round of changes to the budget tax reforms, following alterations to ensure widows were not left with large capital gains tax bills or denied negative gearing…
